The banking system has not been directly hit by the coronavirus crisis. At the moment it is stable and there is no increase in interest rates on loans, banker Levon Hampartzoumian has told bTV.
Comparing the current financial crisis with the one that occurred ten years ago, he said that the previous one was mainly a crisis of liquidity and mistrust between banks and a lack of sufficient capital in the banks themselves.
For ten years, things have improved in such a way that the world's banking and financial systems are more resilient to shocks, even some unpredictable shocks. These days in Bulgaria and around the world banks are in much better health condition in comparison to the previous crisis, Mr. Hampartzoumian added.
He also said that banks are the safest place to keep money. According to Hampartzoumian, the proof of this was that bank savings of Bulgarians have already reached 57 billion dollars.
At a meeting today, the National Council for Tripartite Cooperation will discuss a draft decree of the Council of Ministers setting the country's poverty line for 2025, submitted by the Minister of Labour and Social Policy. The government proposes..
There will be thick cloud cover overnight and rain showers in places, especially in central areas. Morning fog will develop in the valleys and lowlands. There will be light to moderate winds from the west-northwest. Minimum temperatures will..
One day before the start of the new school yea r 2024/2025, the association "Angels on the Road" organised a protest march with the slogan: "Stop the road deaths! Protect our children - the future of Bulgaria". The march will start from the..
Sofia’s urban subway system has proved to be among the most liked in Europe. The Sofia Metro was ranked the second best in Europe,..
The 2024-2025 school year will be the first in decades in which text books will be free for all pupils. 509 text books and general subjects study sets..
Bulgaria's President Rumen Radev described his meeting with the President of the Republic of North Macedonia Gordana Siljanovska-Davkova, which took..
+359 2 9336 661